A partnership
A) Is a legal organization separate from its owners.
B) Is a non-business organization.
C) Has unlimited liability.
D) Has to have a written agreement in order to be legal.
E) Is also called a sole proprietorship.
Correct Answer:
Verified
Q131: The difference between a company's assets and
Q132: External users of accounting information include
A)Creditors.
B)The press.
C)Customers.
D)Shareholders.
E)All
Q133: Accounting is an information and measurement system
Q134: If the liabilities of a business increased
Q135: The accounting principle that requires financial statement
Q137: Information that is representationally faithful is
A)Neutral
B)Complete
C)Free from
Q138: A payment from a proprietorship or partnership
Q139: Career opportunities in accounting include
A)Auditing.
B)Cost accounting.
C)Management consulting.
D)Budgeting.
E)All
Q140: A corporation
A)Is regulated by Canada Revenue Agency.
B)Has
Q141: Costs incurred or the using up of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents